Economy of Majocco

Economy of Majocco

Currency	Dirham (MJD, م.)
Fiscal year	Calendar year
Trade organisations	TGTO, Islamic League and others
Country group	Developing/Emerging
Statistics
Population	18,550,000 (2024)
GDP	₵ 684 billion (nominal; 2024 est.) ₵ 800 billion (PPP; 2024 est.)
Gini coefficient	9.79 low (2024)
Human Development Index	0.874 high (2024)
Labour force	13,912,500 (2024) 77.6% employment rate (2024)
Labour force by occupation	Agriculture: 12% Industry: 46% Services: 42% (FY 2024)
Unemployment	2.6% (January 2024) 15.4% youth unemployment (January 2024, 15 to 24 year olds)
Average gross salary	₵ 23,280 (urban non-private sector) ₵ 18,100 (urban private sector) per month (2024)
Average net salary	₵ 11,174 (urban non-private sector) ₵ 8,688 (urban private sector) per month (2024)
External
Exports	$3.308 trillion (2024)
Export goods	Agricultural products 8.4% Fuels and mining products 22.4% Manufacturers 69.2% Others 0.1%
Main export partners	TBD
Imports	TBD
FDI stock	TBD
Current account	TBD
Gross external debt	₵ 533 billion (January 2024)
Public finances
Public debt	م. 539 billion 77.9% of GDP (2024)
Budget balance	21.6% of GDP (2024)
Revenues	310م. billion 45.1% of GDP (2023)
Expenses	278م. Billion 33.3% of GDP (2023)
Economic aid	Recipient TBD
Credit rating	TBD
All values, unless otherwise stated, are in Quebecshirite Credits (₵).